Use of Plastics in Electric Vehicles - Jump in Market Revenues to $ 73 Million, Forecasts Frost & Sullivan

Strategic Analysis of Plastics in the Electric Vehicles Market in Europe and North AmericaPlastics to steal share from metals in minor under-hood components M743-39

ContentsSection Slide Numbers Executive Summary 4 Market Overview 10 Total Market - • External Challenges: Drivers and Restraints 27 • Forecasts and Trends 36 • Demand Analysis 48 • Competitive Analysis 50 • Mega Trends and Industry Convergence Implications 55 • The CEO’s 360 Degree Perspective on the Electric Vehicle Materials Market 57 Powertrain Materials Segment Breakdown 59 Battery Casing Materials Segment Breakdown 76 Thermal Management System Materials Segment Breakdown 84 Wire and Cable Materials Segment Breakdown 99 The Last Word 106 Appendix 109M743-39 2

Executive SummaryM743-39 3

Executive Summary• Driven by a rapid rise in the production of electric vehicles (EVs), the European and North American plastics market for EVs is in its early stages of growth.• Currently, the penetration level of plastics in many key applications is very low but is expected to gradually increase during the forecast period of 2011–2017.• Increased interest in polymeric materials is mainly driven by a lightweighting trend as original equipment manufacturers (OEMs) look for alternative materials that offer high- performance characteristics and weigh as little as possible. Lightweighting is crucial in order to increase EV mile range.• Market growth is also set to follow new product developments that effectively address the unique challenges OEMs face with EVs.• In 2010, the total materials market for EVs was 200.8 tons by volume.• The market is expected to grow at a compound annual growth rate (CAGR) of 97.6 percent during the forecast period to reach 23,613.4 tons in 2017. Source: Frost & Sullivan analysis.M743-39 4

Executive Summary• Battery casings and powertrains are the segments poised to offer high market growth because they are characterized by low levels of plastic penetration.• The need for lightweighting in EVs has driven some companies to use lightweight materials for structural components. For example, BMW is considering carbon fiber composites for their chassis. However, the body-in-white (BIW) construction of these EVs is similar to that of conventional vehicles and so is not considered as a part of the study. Source: Frost & Sullivan analysis.M743-39 5

Executive Summary—Market Engineering MeasurementsMarket OverviewTotal EV Plastics Market: Europe and North America, 2010 Market Size at Market Average Price Market Stage Market Revenue End of Forecast Units/Volume Per Ton Period 200.8 23,613.4 Growth $ 0.5 M $2,600 Tons Tons (2010) (2010) (2017) Base Year 7-year Forecast Degree of Customer Price Market Market Growth Market Growth Technical Sensitivity Concentration Rate Rate Change 230.0% 97.6% 6 9 45% (CAGR) (scale:1 [Low] to 10 [High]) (scale:1 [Low] to 10 [High]) For a tabular version click here.Decreasing Stable Increasing Note: All figures are rounded. The base year is 2010. Source: Frost & Sullivan analysis. M743-39 6

Executive Summary—Market Engineering Measurements (continued)Competitor Overview Number of Number of Number of Companies that Companies that Competitors Exited* Entered* 15 0 3(active market competitors in base year) 2010 2010Industry Advancement Average Marketing Average R&D Product Spend as a Spend by Development Percent of Product Time Market Revenue 2.5 $5 M– 10.0% Years $10 M *Existing competitors that supply to EV market.Decreasing Stable Increasing Note: All figures are rounded. The base year is 2010. Source: Frost & Sullivan analysis. M743-39 7

Executive Summary—CEO’s Perspective Battery casings and powertrain systems offer 1 the greatest growth opportunities. The need to increase EV mile range and a 2 consequent lightweighting trend will favor the penetration of plastics. OEMs face a critical challenge to find a 3 plastic that matches desired performance characteristics. The lack of an established recycling process 4 for automotive plastics may be a challenge in the long run for the adoption of plastics. OEMs will look to innovative products that may help address strength and 5 electromagnetic compatibility (EMC) requirements. Source: Frost & Sullivan analysis.M743-39 8

Research TeamLead Analyst Contributing AnalystShree Vidhya Karunanidhi Deepan KannanResearch Analyst, Chemicals & Materials Industry Analyst, Chemicals & Materials +91-44-66814191 +91-44-66814197 shreevidhyak@frost.com DeepanK@frost.comResearch DirectorLeonidas DokosGlobal Program Manager – TransportationChemicals and Construction Chemicals +44 (0)1865 39885 leonidas.dokos@frost.comM743-39 9

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Use of Plastics in Electric Vehicles - Jump in Market Revenues to $ 73 Million, Forecasts Frost & Sullivan

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